Anhui Korrun Balance Sheet Health
Financial Health criteria checks 5/6
Anhui Korrun has a total shareholder equity of CN¥2.0B and total debt of CN¥950.6M, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are CN¥3.7B and CN¥1.7B respectively. Anhui Korrun's EBIT is CN¥336.1M making its interest coverage ratio -178.7. It has cash and short-term investments of CN¥774.0M.
Key information
48.3%
Debt to equity ratio
CN¥950.56m
Debt
| Interest coverage ratio | -178.7x |
| Cash | CN¥774.01m |
| Equity | CN¥1.97b |
| Total liabilities | CN¥1.72b |
| Total assets | CN¥3.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300577's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300577's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥576.3M).
Debt to Equity History and Analysis
Debt Level: 300577's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: 300577's debt to equity ratio has increased from 6.3% to 48.3% over the past 5 years.
Debt Coverage: 300577's debt is well covered by operating cash flow (34.9%).
Interest Coverage: 300577 earns more interest than it pays, so coverage of interest payments is not a concern.